Maryland ranks 26th on list of best managed states

Maryland ranks in the middle of the pack on 24/7 Wall St.’s annual “Best and Worst Run States” report.

The list looks at data on financial health, standard of living and government services by state.

Maryland comes in at No. 26, with the report noting that residents paid 10.2 percent of their income in state and local taxes in fiscal 2010 — one of the higher rates in the nation.

The state’s median household income of more than $70,000 is the highest in the nation and above the U.S. median of $50,502.

The report also cites the Tax Foundation for listing Maryland as having one of the worst tax climates in the country. The state’s unemployment rate and percentage of residents below the poverty line, however, rank among top 15 best states in the U.S.